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Facebook ($FB) Charts (Updated 5/21/15)

|Includes: Facebook (FB)

Facebook is doing an ok job consolidating after a huge move up with volume. It is continuing to stay above 80. It hit its resistance and is looking to make a charge at it again. This type of consolidation can typically lead to a bull pennant formation and if so my price target is set to 84. With the recent defense of the 200 day moving average, this is looking to move higher.

Facebook ($FB) charts (updated 5/21/15)